Annual Income Statements for Axos Financial
This table shows Axos Financial's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for Axos Financial
This table shows Axos Financial's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
Metric |
|
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Q3 2025 |
Net Income / (Loss) Attributable to Common Shareholders |
|
58 |
82 |
80 |
87 |
83 |
152 |
111 |
105 |
112 |
105 |
105 |
Consolidated Net Income / (Loss) |
|
58 |
82 |
80 |
87 |
83 |
152 |
111 |
105 |
112 |
105 |
105 |
Net Income / (Loss) Continuing Operations |
|
58 |
82 |
80 |
87 |
83 |
152 |
111 |
105 |
112 |
105 |
105 |
Total Pre-Tax Income |
|
83 |
117 |
115 |
117 |
118 |
217 |
156 |
144 |
159 |
150 |
148 |
Total Revenue |
|
208 |
228 |
231 |
236 |
246 |
353 |
295 |
291 |
321 |
308 |
309 |
Net Interest Income / (Expense) |
|
180 |
200 |
199 |
204 |
211 |
229 |
262 |
260 |
292 |
280 |
275 |
Total Interest Income |
|
224 |
280 |
307 |
346 |
364 |
395 |
444 |
453 |
484 |
456 |
433 |
Loans and Leases Interest Income |
|
208 |
256 |
280 |
305 |
327 |
358 |
405 |
409 |
438 |
411 |
395 |
Investment Securities Interest Income |
|
15 |
24 |
27 |
41 |
37 |
37 |
38 |
44 |
46 |
45 |
38 |
Total Interest Expense |
|
43 |
80 |
108 |
143 |
153 |
166 |
182 |
193 |
192 |
176 |
157 |
Deposits Interest Expense |
|
33 |
71 |
98 |
137 |
146 |
160 |
177 |
188 |
187 |
171 |
153 |
Long-Term Debt Interest Expense |
|
0.94 |
1.07 |
1.31 |
0.36 |
0.45 |
1.01 |
0.38 |
0.38 |
0.54 |
0.48 |
0.33 |
Federal Funds Purchased and Securities Sold Interest Expense |
|
5.16 |
2.50 |
4.45 |
0.52 |
0.53 |
0.53 |
0.74 |
1.29 |
0.53 |
0.51 |
0.31 |
Other Interest Expense |
|
4.70 |
4.76 |
4.15 |
4.61 |
5.71 |
4.34 |
4.11 |
4.15 |
3.88 |
4.12 |
3.93 |
Total Non-Interest Income |
|
27 |
28 |
32 |
33 |
35 |
124 |
33 |
31 |
29 |
28 |
33 |
Other Service Charges |
|
20 |
21 |
25 |
25 |
26 |
24 |
25 |
23 |
21 |
20 |
25 |
Net Realized & Unrealized Capital Gains on Investments |
|
- |
0.00 |
0.00 |
- |
- |
92 |
0.00 |
- |
- |
0.00 |
0.00 |
Investment Banking Income |
|
6.96 |
6.98 |
6.88 |
7.50 |
8.22 |
7.36 |
8.11 |
7.65 |
7.95 |
7.98 |
8.12 |
Provision for Credit Losses |
|
8.75 |
3.00 |
5.50 |
7.00 |
7.00 |
14 |
6.00 |
6.00 |
14 |
12 |
15 |
Total Non-Interest Expense |
|
116 |
108 |
111 |
112 |
121 |
122 |
133 |
141 |
147 |
145 |
146 |
Salaries and Employee Benefits |
|
47 |
50 |
53 |
55 |
56 |
59 |
67 |
69 |
74 |
74 |
75 |
Net Occupancy & Equipment Expense |
|
18 |
18 |
20 |
20 |
20 |
22 |
22 |
21 |
23 |
24 |
26 |
Marketing Expense |
|
6.37 |
11 |
12 |
8.10 |
10 |
9.79 |
10 |
12 |
14 |
11 |
11 |
Other Operating Expenses |
|
39 |
23 |
21 |
24 |
29 |
24 |
26 |
31 |
28 |
30 |
27 |
Depreciation Expense |
|
6.09 |
5.96 |
5.67 |
5.67 |
5.88 |
6.49 |
7.22 |
7.50 |
7.45 |
7.03 |
6.85 |
Income Tax Expense |
|
24 |
36 |
35 |
30 |
36 |
66 |
45 |
40 |
47 |
46 |
43 |
Basic Earnings per Share |
|
$0.98 |
$1.36 |
$1.33 |
$1.48 |
$1.40 |
$2.65 |
$1.94 |
$1.83 |
$1.97 |
$1.83 |
$1.84 |
Weighted Average Basic Shares Outstanding |
|
60.00M |
60.00M |
59.11M |
59.98M |
57.73M |
56.90M |
56.97M |
56.89M |
57.09M |
57.10M |
56.37M |
Diluted Earnings per Share |
|
$0.97 |
$1.35 |
$1.32 |
$1.43 |
$1.38 |
$2.62 |
$1.91 |
$1.75 |
$1.93 |
$1.80 |
$1.81 |
Weighted Average Diluted Shares Outstanding |
|
60.00M |
60.00M |
59.11M |
59.98M |
57.73M |
56.90M |
56.97M |
56.89M |
57.09M |
57.10M |
56.37M |
Weighted Average Basic & Diluted Shares Outstanding |
|
60.00M |
60.00M |
59.11M |
59.98M |
57.73M |
56.90M |
56.97M |
56.89M |
57.09M |
57.10M |
56.37M |
Annual Cash Flow Statements for Axos Financial
This table details how cash moves in and out of Axos Financial's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
Metric |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Net Change in Cash & Equivalents |
|
67 |
264 |
157 |
-21 |
235 |
1,093 |
-913 |
537 |
807 |
-196 |
Net Cash From Operating Activities |
|
116 |
167 |
198 |
168 |
204 |
284 |
413 |
217 |
197 |
305 |
Net Cash From Continuing Operating Activities |
|
116 |
167 |
198 |
168 |
204 |
284 |
413 |
217 |
197 |
305 |
Net Income / (Loss) Continuing Operations |
|
83 |
119 |
135 |
152 |
155 |
183 |
216 |
241 |
307 |
450 |
Consolidated Net Income / (Loss) |
|
83 |
119 |
135 |
152 |
155 |
183 |
216 |
241 |
307 |
450 |
Provision For Loan Losses |
|
11 |
9.70 |
11 |
26 |
43 |
42 |
24 |
24 |
24 |
33 |
Depreciation Expense |
|
3.27 |
4.80 |
6.09 |
8.57 |
16 |
24 |
24 |
25 |
23 |
27 |
Amortization Expense |
|
-5.54 |
-4.25 |
-7.42 |
-30 |
-30 |
-24 |
4.75 |
3.93 |
-1.62 |
-58 |
Non-Cash Adjustments to Reconcile Net Income |
|
38 |
43 |
49 |
30 |
16 |
4.66 |
40 |
26 |
-12 |
-24 |
Changes in Operating Assets and Liabilities, net |
|
-14 |
-5.45 |
4.66 |
-19 |
4.13 |
54 |
104 |
-103 |
-144 |
-122 |
Net Cash From Investing Activities |
|
-1,374 |
-1,538 |
-789 |
-1,026 |
-932 |
-1,348 |
-867 |
-2,783 |
-2,399 |
-2,589 |
Net Cash From Continuing Investing Activities |
|
-1,374 |
-1,538 |
-789 |
-1,026 |
-932 |
-1,348 |
-867 |
-2,783 |
-2,399 |
-2,589 |
Purchase of Investment Securities |
|
-108 |
-500 |
-709 |
-146 |
-442 |
-545 |
-277 |
-3,084 |
-2,587 |
-2,741 |
Sale and/or Maturity of Investments |
|
1,977 |
2,545 |
3,989 |
5,086 |
6,282 |
5,771 |
5,171 |
301 |
188 |
152 |
Net Cash From Financing Activities |
|
1,325 |
1,634 |
747 |
837 |
962 |
2,157 |
-459 |
3,103 |
3,010 |
2,087 |
Net Cash From Continuing Financing Activities |
|
1,325 |
1,634 |
747 |
837 |
962 |
2,157 |
-459 |
3,103 |
3,010 |
2,087 |
Net Change in Deposits |
|
1,410 |
1,592 |
855 |
1,086 |
998 |
2,354 |
-521 |
3,131 |
3,177 |
2,236 |
Issuance of Debt |
|
734 |
60 |
0.00 |
-173 |
7.40 |
-9.05 |
175 |
39 |
0.00 |
0.00 |
Repayment of Debt |
|
-901 |
-35 |
-102 |
-30 |
23 |
-140 |
-80 |
-52 |
-112 |
-36 |
Repurchase of Common Equity |
|
- |
0.00 |
0.00 |
-35 |
-56 |
-39 |
-17 |
0.00 |
-49 |
-96 |
Other Financing Activities, Net |
|
6.31 |
-3.46 |
-6.10 |
-9.95 |
-9.92 |
-7.46 |
-11 |
-14 |
-6.14 |
-16 |
Cash Interest Paid |
|
46 |
56 |
74 |
106 |
153 |
145 |
78 |
50 |
368 |
699 |
Cash Income Taxes Paid |
|
68 |
89 |
102 |
80 |
64 |
80 |
93 |
100 |
131 |
201 |
Quarterly Cash Flow Statements for Axos Financial
This table details how cash moves in and out of Axos Financial's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
Metric |
|
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Q3 2025 |
Net Change in Cash & Equivalents |
|
123 |
254 |
552 |
-122 |
32 |
-650 |
582 |
-160 |
618 |
-130 |
-416 |
Net Cash From Operating Activities |
|
71 |
106 |
-58 |
77 |
34 |
119 |
115 |
44 |
71 |
163 |
74 |
Net Cash From Continuing Operating Activities |
|
71 |
106 |
-58 |
77 |
34 |
119 |
115 |
44 |
71 |
163 |
74 |
Net Income / (Loss) Continuing Operations |
|
58 |
82 |
80 |
87 |
83 |
152 |
111 |
105 |
112 |
105 |
105 |
Consolidated Net Income / (Loss) |
|
58 |
82 |
80 |
87 |
83 |
152 |
111 |
105 |
112 |
105 |
105 |
Provision For Loan Losses |
|
8.75 |
3.00 |
5.50 |
7.00 |
7.00 |
14 |
6.00 |
6.00 |
14 |
12 |
15 |
Depreciation Expense |
|
6.09 |
5.96 |
5.67 |
5.67 |
5.88 |
6.49 |
7.22 |
7.50 |
7.45 |
7.03 |
6.85 |
Amortization Expense |
|
0.71 |
-0.18 |
-1.15 |
-0.99 |
-3.10 |
-8.91 |
-26 |
-20 |
-37 |
-21 |
-24 |
Non-Cash Adjustments to Reconcile Net Income |
|
-4.34 |
23 |
-13 |
-18 |
20 |
-72 |
-30 |
59 |
14 |
-14 |
9.24 |
Changes in Operating Assets and Liabilities, net |
|
1.20 |
-7.50 |
-134 |
-3.40 |
-78 |
28 |
47 |
-114 |
-40 |
74 |
-38 |
Net Cash From Investing Activities |
|
-1,150 |
-261 |
-397 |
-591 |
-506 |
-1,236 |
-419 |
-434 |
-46 |
-269 |
-678 |
Net Cash From Continuing Investing Activities |
|
-1,150 |
-261 |
-397 |
-591 |
-506 |
-1,236 |
-419 |
-434 |
-46 |
-269 |
-678 |
Purchase of Investment Securities |
|
-68 |
-27 |
-70 |
-2,422 |
-509 |
-1,244 |
-8.44 |
-1,865 |
-97 |
-509 |
-704 |
Sale and/or Maturity of Investments |
|
1,404 |
1,779 |
1,409 |
-4,404 |
2.23 |
8.65 |
2,330 |
-6,609 |
52 |
240 |
27 |
Net Cash From Financing Activities |
|
1,203 |
409 |
1,006 |
392 |
504 |
467 |
887 |
230 |
593 |
-24 |
188 |
Net Cash From Continuing Financing Activities |
|
1,203 |
409 |
1,006 |
392 |
504 |
467 |
887 |
230 |
593 |
-24 |
188 |
Net Change in Deposits |
|
1,230 |
514 |
1,048 |
384 |
443 |
638 |
900 |
256 |
614 |
-38 |
202 |
Issuance of Debt |
|
-20 |
-92 |
- |
112 |
86 |
-107 |
-6.00 |
27 |
0.00 |
45 |
19 |
Repurchase of Common Equity |
|
0.00 |
- |
-32 |
-17 |
-18 |
-64 |
-0.60 |
-13 |
0.00 |
- |
-26 |
Other Financing Activities, Net |
|
-2.89 |
-0.04 |
-0.66 |
-2.56 |
-6.08 |
-0.17 |
-2.13 |
-7.81 |
-9.48 |
-0.29 |
-6.33 |
Cash Interest Paid |
|
42 |
79 |
106 |
140 |
152 |
171 |
179 |
197 |
192 |
175 |
157 |
Cash Income Taxes Paid |
|
37 |
36 |
35 |
23 |
53 |
32 |
60 |
57 |
40 |
49 |
52 |
Annual Balance Sheets for Axos Financial
This table presents Axos Financial's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Total Assets |
|
5,824 |
7,599 |
8,502 |
9,540 |
11,220 |
13,852 |
14,266 |
17,401 |
20,348 |
22,855 |
Cash and Due from Banks |
|
223 |
487 |
628 |
623 |
511 |
1,756 |
716 |
1,203 |
2,233 |
1,980 |
Restricted Cash |
|
- |
- |
- |
0.00 |
346 |
194 |
322 |
372 |
149 |
206 |
Trading Account Securities |
|
397 |
472 |
273 |
180 |
372 |
410 |
808 |
603 |
367 |
209 |
Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Loans Held for Sale |
|
5,032 |
6,409 |
7,400 |
8,470 |
9,420 |
97 |
42 |
16 |
24 |
16 |
Intangible Assets |
|
- |
- |
0.00 |
68 |
135 |
125 |
116 |
156 |
152 |
142 |
Other Assets |
|
164 |
217 |
169 |
199 |
436 |
11,269 |
12,261 |
15,051 |
17,423 |
20,302 |
Total Liabilities & Shareholders' Equity |
|
5,824 |
7,599 |
8,502 |
9,540 |
11,220 |
13,852 |
14,266 |
17,401 |
20,348 |
22,855 |
Total Liabilities |
|
5,290 |
6,916 |
7,667 |
8,579 |
10,147 |
12,621 |
12,865 |
15,758 |
18,431 |
20,565 |
Non-Interest Bearing Deposits |
|
309 |
589 |
849 |
1,015 |
1,442 |
1,937 |
2,474 |
5,034 |
2,898 |
2,976 |
Interest Bearing Deposits |
|
4,143 |
5,455 |
6,051 |
6,970 |
7,541 |
9,400 |
8,341 |
8,912 |
14,225 |
16,384 |
Short-Term Debt |
|
35 |
35 |
20 |
0.00 |
239 |
348 |
535 |
512 |
445 |
301 |
Long-Term Debt |
|
758 |
783 |
694 |
512 |
826 |
734 |
1,304 |
1,037 |
612 |
490 |
Other Long-Term Liabilities |
|
44 |
52 |
52 |
82 |
100 |
203 |
210 |
263 |
251 |
415 |
Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
|
534 |
684 |
834 |
961 |
1,073 |
1,231 |
1,401 |
1,643 |
1,917 |
2,291 |
Total Preferred & Common Equity |
|
534 |
684 |
834 |
961 |
1,073 |
1,231 |
1,401 |
1,643 |
1,917 |
2,291 |
Total Common Equity |
|
528 |
684 |
834 |
961 |
1,073 |
1,231 |
1,401 |
1,643 |
1,917 |
2,291 |
Common Stock |
|
297 |
332 |
347 |
367 |
391 |
413 |
433 |
454 |
481 |
511 |
Retained Earnings |
|
266 |
385 |
519 |
671 |
826 |
1,009 |
1,188 |
1,428 |
1,736 |
2,186 |
Treasury Stock |
|
-25 |
-31 |
-37 |
-82 |
-149 |
-195 |
-223 |
-237 |
-292 |
-403 |
Accumulated Other Comprehensive Income / (Loss) |
|
-9.40 |
-7.30 |
0.49 |
-0.61 |
0.02 |
-0.94 |
2.51 |
-2.93 |
-6.61 |
-2.47 |
Quarterly Balance Sheets for Axos Financial
This table presents Axos Financial's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q1 2025 |
Q2 2025 |
Q3 2025 |
Total Assets |
|
18,407 |
18,741 |
19,782 |
20,825 |
21,624 |
22,642 |
23,569 |
23,709 |
23,981 |
Cash and Due from Banks |
|
1,369 |
1,756 |
2,324 |
2,162 |
1,569 |
2,130 |
2,571 |
2,438 |
2,001 |
Restricted Cash |
|
329 |
197 |
180 |
252 |
195 |
216 |
233 |
235 |
256 |
Trading Account Securities |
|
345 |
307 |
367 |
97 |
385 |
314 |
223 |
213 |
172 |
Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Loans Held for Sale |
|
20 |
4.75 |
8.22 |
8.01 |
13 |
16 |
15 |
25 |
16 |
Intangible Assets |
|
160 |
158 |
155 |
150 |
147 |
144 |
139 |
138 |
136 |
Other Assets |
|
16,183 |
16,319 |
16,748 |
18,157 |
19,314 |
19,822 |
20,389 |
20,660 |
21,400 |
Total Liabilities & Shareholders' Equity |
|
18,407 |
18,741 |
19,782 |
20,825 |
21,624 |
22,642 |
23,569 |
23,709 |
23,981 |
Total Liabilities |
|
16,706 |
16,953 |
17,938 |
18,849 |
19,546 |
20,446 |
21,163 |
21,187 |
21,377 |
Non-Interest Bearing Deposits |
|
4,627 |
3,442 |
3,173 |
2,875 |
2,834 |
2,759 |
3,056 |
2,990 |
2,970 |
Interest Bearing Deposits |
|
10,550 |
12,248 |
13,566 |
14,690 |
15,370 |
16,345 |
16,918 |
16,945 |
17,167 |
Short-Term Debt |
|
501 |
421 |
406 |
342 |
369 |
387 |
316 |
310 |
314 |
Long-Term Debt |
|
745 |
590 |
539 |
654 |
587 |
540 |
499 |
554 |
549 |
Other Long-Term Liabilities |
|
284 |
252 |
254 |
287 |
386 |
415 |
375 |
389 |
378 |
Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
|
1,701 |
1,788 |
1,844 |
1,976 |
2,078 |
2,196 |
2,406 |
2,522 |
2,604 |
Total Preferred & Common Equity |
|
1,701 |
1,788 |
1,844 |
1,976 |
2,078 |
2,196 |
2,406 |
2,522 |
2,604 |
Total Common Equity |
|
1,701 |
1,788 |
1,844 |
1,976 |
2,078 |
2,196 |
2,406 |
2,522 |
2,604 |
Common Stock |
|
460 |
466 |
474 |
487 |
494 |
503 |
522 |
530 |
541 |
Retained Earnings |
|
1,487 |
1,568 |
1,648 |
1,818 |
1,970 |
2,081 |
2,298 |
2,403 |
2,508 |
Treasury Stock |
|
-240 |
-240 |
-272 |
-323 |
-382 |
-385 |
-413 |
-413 |
-446 |
Accumulated Other Comprehensive Income / (Loss) |
|
-5.77 |
-6.95 |
-5.57 |
-6.39 |
-3.92 |
-3.06 |
-0.77 |
3.01 |
1.11 |
Annual Metrics And Ratios for Axos Financial
This table displays calculated financial ratios and metrics derived from Axos Financial's official financial filings.
Metric |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
43.86% |
42.61% |
16.50% |
15.23% |
11.82% |
18.16% |
10.92% |
11.88% |
25.41% |
31.04% |
EBITDA Growth |
|
60.86% |
48.24% |
12.62% |
-5.57% |
-8.89% |
31.94% |
27.41% |
10.12% |
23.07% |
33.25% |
EBIT Growth |
|
49.42% |
45.46% |
13.57% |
3.01% |
-11.22% |
23.41% |
16.42% |
11.19% |
27.00% |
47.19% |
NOPAT Growth |
|
47.76% |
44.28% |
12.95% |
13.11% |
1.78% |
18.25% |
17.59% |
11.59% |
27.60% |
46.50% |
Net Income Growth |
|
47.76% |
44.28% |
12.95% |
13.11% |
1.78% |
18.25% |
17.59% |
11.59% |
27.60% |
46.50% |
EPS Growth |
|
39.58% |
39.55% |
12.30% |
12.86% |
4.64% |
20.16% |
19.46% |
11.52% |
27.71% |
51.08% |
Operating Cash Flow Growth |
|
444.59% |
43.76% |
18.93% |
-15.41% |
21.74% |
38.99% |
45.22% |
-47.50% |
-9.19% |
55.30% |
Free Cash Flow Firm Growth |
|
128.87% |
-164.00% |
257.52% |
161.37% |
-322.76% |
101.60% |
-8,798.59% |
140.62% |
81.46% |
-34.69% |
Invested Capital Growth |
|
-0.32% |
13.19% |
3.14% |
-4.95% |
45.20% |
8.20% |
40.11% |
-1.49% |
-6.82% |
3.61% |
Revenue Q/Q Growth |
|
9.73% |
6.71% |
1.57% |
2.80% |
4.16% |
4.00% |
1.98% |
4.96% |
5.11% |
4.82% |
EBITDA Q/Q Growth |
|
13.71% |
5.12% |
0.76% |
-0.48% |
4.19% |
6.62% |
1.38% |
1.93% |
8.74% |
1.66% |
EBIT Q/Q Growth |
|
11.67% |
4.79% |
2.01% |
-2.21% |
2.34% |
5.04% |
2.49% |
1.91% |
8.90% |
4.50% |
NOPAT Q/Q Growth |
|
11.29% |
4.68% |
2.14% |
3.09% |
2.32% |
2.61% |
4.33% |
1.54% |
10.61% |
4.05% |
Net Income Q/Q Growth |
|
11.29% |
4.68% |
2.14% |
3.09% |
2.32% |
2.61% |
4.33% |
1.54% |
10.61% |
4.05% |
EPS Q/Q Growth |
|
2,133.33% |
112.50% |
2.44% |
2.60% |
2.90% |
3.11% |
4.09% |
2.06% |
10.22% |
4.36% |
Operating Cash Flow Q/Q Growth |
|
172.83% |
34.38% |
-15.57% |
15.41% |
16.05% |
-5.22% |
10.06% |
27.92% |
-26.16% |
-9.93% |
Free Cash Flow Firm Q/Q Growth |
|
277.83% |
84.94% |
175.29% |
320.94% |
-953.15% |
107.95% |
-85.01% |
-91.12% |
120.89% |
249.77% |
Invested Capital Q/Q Growth |
|
18.54% |
-6.29% |
-16.32% |
-24.28% |
-0.32% |
-4.67% |
7.38% |
0.00% |
6.64% |
-1.35% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
60.38% |
62.76% |
60.67% |
49.72% |
40.51% |
45.23% |
51.96% |
51.14% |
50.19% |
51.03% |
EBIT Margin |
|
61.37% |
62.59% |
61.02% |
54.55% |
43.31% |
45.23% |
47.48% |
47.18% |
47.78% |
53.67% |
Profit (Net Income) Margin |
|
36.02% |
36.44% |
35.33% |
34.68% |
31.57% |
31.59% |
33.49% |
33.41% |
33.99% |
38.00% |
Tax Burden Percent |
|
58.70% |
58.22% |
57.90% |
63.58% |
72.90% |
69.85% |
70.55% |
70.81% |
71.15% |
70.81% |
Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
41.30% |
41.78% |
42.10% |
36.42% |
27.10% |
30.15% |
29.45% |
29.19% |
28.85% |
29.19% |
Return on Invested Capital (ROIC) |
|
6.22% |
8.44% |
8.83% |
10.09% |
8.60% |
8.24% |
7.77% |
7.49% |
9.96% |
14.86% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
6.22% |
8.44% |
8.83% |
10.09% |
8.60% |
8.24% |
7.77% |
7.49% |
9.96% |
14.86% |
Return on Net Nonoperating Assets (RNNOA) |
|
12.06% |
11.17% |
8.92% |
6.89% |
6.66% |
7.68% |
8.62% |
8.33% |
7.29% |
6.53% |
Return on Equity (ROE) |
|
18.29% |
19.60% |
17.75% |
16.98% |
15.26% |
15.92% |
16.39% |
15.82% |
17.26% |
21.39% |
Cash Return on Invested Capital (CROIC) |
|
6.54% |
-3.93% |
5.75% |
15.17% |
-28.27% |
0.37% |
-25.64% |
8.99% |
17.02% |
11.32% |
Operating Return on Assets (OROA) |
|
2.75% |
3.05% |
2.89% |
2.66% |
2.05% |
2.10% |
2.17% |
2.15% |
2.29% |
2.94% |
Return on Assets (ROA) |
|
1.62% |
1.78% |
1.67% |
1.69% |
1.49% |
1.46% |
1.53% |
1.52% |
1.63% |
2.08% |
Return on Common Equity (ROCE) |
|
18.08% |
19.52% |
17.75% |
16.98% |
15.26% |
15.92% |
16.39% |
15.82% |
17.26% |
21.39% |
Return on Equity Simple (ROE_SIMPLE) |
|
15.50% |
17.45% |
16.15% |
15.87% |
14.46% |
14.90% |
15.40% |
14.65% |
16.02% |
19.65% |
Net Operating Profit after Tax (NOPAT) |
|
83 |
119 |
135 |
152 |
155 |
183 |
216 |
241 |
307 |
450 |
NOPAT Margin |
|
36.02% |
36.44% |
35.33% |
34.68% |
31.57% |
31.59% |
33.49% |
33.41% |
33.99% |
38.00% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
25.97% |
26.95% |
28.88% |
31.85% |
35.59% |
34.72% |
34.30% |
33.99% |
35.15% |
32.07% |
Operating Expenses to Revenue |
|
33.75% |
34.45% |
36.08% |
39.58% |
51.12% |
47.50% |
48.84% |
49.52% |
49.54% |
43.59% |
Earnings before Interest and Taxes (EBIT) |
|
141 |
205 |
233 |
240 |
213 |
263 |
306 |
340 |
432 |
635 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
139 |
205 |
231 |
218 |
199 |
263 |
335 |
368 |
454 |
604 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
3.07 |
1.63 |
1.80 |
2.66 |
1.56 |
1.07 |
1.96 |
1.30 |
1.22 |
1.42 |
Price to Tangible Book Value (P/TBV) |
|
3.07 |
1.63 |
1.80 |
2.87 |
1.78 |
1.19 |
2.14 |
1.44 |
1.32 |
1.52 |
Price to Revenue (P/Rev) |
|
7.07 |
3.41 |
3.94 |
5.82 |
3.40 |
2.27 |
4.27 |
2.97 |
2.58 |
2.75 |
Price to Earnings (P/E) |
|
19.70 |
9.39 |
11.19 |
16.82 |
10.79 |
7.19 |
12.75 |
8.89 |
7.59 |
7.23 |
Dividend Yield |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Earnings Yield |
|
5.08% |
10.65% |
8.94% |
5.94% |
9.27% |
13.90% |
7.84% |
11.25% |
13.18% |
13.82% |
Enterprise Value to Invested Capital (EV/IC) |
|
1.66 |
0.96 |
1.02 |
1.66 |
0.88 |
0.19 |
1.10 |
0.66 |
0.34 |
0.60 |
Enterprise Value to Revenue (EV/Rev) |
|
9.58 |
4.42 |
4.13 |
5.57 |
3.82 |
0.77 |
5.51 |
2.93 |
1.11 |
1.57 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
15.86 |
7.05 |
6.81 |
11.20 |
9.43 |
1.71 |
10.61 |
5.73 |
2.22 |
3.08 |
Enterprise Value to EBIT (EV/EBIT) |
|
15.61 |
7.07 |
6.77 |
10.21 |
8.82 |
1.71 |
11.61 |
6.22 |
2.33 |
2.93 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
26.59 |
12.14 |
11.69 |
16.06 |
12.10 |
2.45 |
16.46 |
8.78 |
3.28 |
4.14 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
18.93 |
8.68 |
7.93 |
14.58 |
9.18 |
1.58 |
8.60 |
9.75 |
5.12 |
6.09 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
25.29 |
0.00 |
17.97 |
10.69 |
0.00 |
54.81 |
0.00 |
7.31 |
1.92 |
5.43 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
1.49 |
1.20 |
0.86 |
0.53 |
0.99 |
0.88 |
1.31 |
0.94 |
0.55 |
0.35 |
Long-Term Debt to Equity |
|
1.42 |
1.15 |
0.83 |
0.53 |
0.77 |
0.60 |
0.93 |
0.63 |
0.32 |
0.21 |
Financial Leverage |
|
1.94 |
1.32 |
1.01 |
0.68 |
0.78 |
0.93 |
1.11 |
1.11 |
0.73 |
0.44 |
Leverage Ratio |
|
11.31 |
11.03 |
10.61 |
10.05 |
10.21 |
10.88 |
10.68 |
10.40 |
10.60 |
10.27 |
Compound Leverage Factor |
|
11.31 |
11.03 |
10.61 |
10.05 |
10.21 |
10.88 |
10.68 |
10.40 |
10.60 |
10.27 |
Debt to Total Capital |
|
59.78% |
54.48% |
46.13% |
34.75% |
49.80% |
46.78% |
56.76% |
48.52% |
35.54% |
25.67% |
Short-Term Debt to Total Capital |
|
2.64% |
2.33% |
1.29% |
0.00% |
11.16% |
15.03% |
16.52% |
16.03% |
14.98% |
9.77% |
Long-Term Debt to Total Capital |
|
57.15% |
52.15% |
44.84% |
34.75% |
38.63% |
31.75% |
40.24% |
32.49% |
20.56% |
15.90% |
Preferred Equity to Total Capital |
|
0.38% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
39.83% |
45.52% |
53.87% |
65.25% |
50.20% |
53.22% |
43.24% |
51.48% |
64.46% |
74.33% |
Debt to EBITDA |
|
5.72 |
3.98 |
3.09 |
2.34 |
5.35 |
4.12 |
5.50 |
4.20 |
2.33 |
1.31 |
Net Debt to EBITDA |
|
4.11 |
1.61 |
0.31 |
-0.51 |
1.04 |
-3.31 |
2.40 |
-0.07 |
-2.92 |
-2.31 |
Long-Term Debt to EBITDA |
|
5.47 |
3.81 |
3.00 |
2.34 |
4.15 |
2.80 |
3.90 |
2.81 |
1.35 |
0.81 |
Debt to NOPAT |
|
9.59 |
6.86 |
5.30 |
3.36 |
6.86 |
5.90 |
8.53 |
6.43 |
3.44 |
1.76 |
Net Debt to NOPAT |
|
6.90 |
2.78 |
0.53 |
-0.73 |
1.33 |
-4.74 |
3.72 |
-0.11 |
-4.31 |
-3.10 |
Long-Term Debt to NOPAT |
|
9.17 |
6.56 |
5.15 |
3.36 |
5.32 |
4.00 |
6.04 |
4.31 |
1.99 |
1.09 |
Noncontrolling Interest Sharing Ratio |
|
1.12% |
0.42% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
87 |
-56 |
88 |
229 |
-510 |
8.18 |
-712 |
289 |
525 |
343 |
Operating Cash Flow to CapEx |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Free Cash Flow to Firm to Interest Expense |
|
1.91 |
-0.98 |
1.18 |
2.15 |
-3.26 |
0.06 |
-9.00 |
5.50 |
1.40 |
0.49 |
Operating Cash Flow to Interest Expense |
|
2.56 |
2.94 |
2.68 |
1.58 |
1.31 |
1.96 |
5.21 |
4.12 |
0.53 |
0.44 |
Operating Cash Flow Less CapEx to Interest Expense |
|
2.56 |
2.94 |
2.68 |
1.58 |
1.31 |
1.96 |
5.21 |
4.12 |
0.53 |
0.44 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.04 |
0.05 |
0.05 |
0.05 |
0.05 |
0.05 |
0.05 |
0.05 |
0.05 |
0.05 |
Fixed Asset Turnover |
|
30.09 |
29.04 |
24.88 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
1,327 |
1,502 |
1,549 |
1,472 |
2,137 |
2,313 |
3,240 |
3,192 |
2,974 |
3,082 |
Invested Capital Turnover |
|
0.17 |
0.23 |
0.25 |
0.29 |
0.27 |
0.26 |
0.23 |
0.22 |
0.29 |
0.39 |
Increase / (Decrease) in Invested Capital |
|
-4.25 |
175 |
47 |
-77 |
665 |
175 |
928 |
-48 |
-218 |
107 |
Enterprise Value (EV) |
|
2,198 |
1,448 |
1,575 |
2,448 |
1,877 |
449 |
3,550 |
2,113 |
1,006 |
1,861 |
Market Capitalization |
|
1,623 |
1,117 |
1,504 |
2,559 |
1,670 |
1,317 |
2,748 |
2,139 |
2,331 |
3,256 |
Book Value per Share |
|
$34.42 |
$10.84 |
$13.16 |
$15.36 |
$17.51 |
$20.63 |
$23.65 |
$27.54 |
$32.43 |
$40.21 |
Tangible Book Value per Share |
|
$34.42 |
$10.84 |
$13.16 |
$14.27 |
$15.31 |
$18.53 |
$21.69 |
$24.92 |
$29.86 |
$37.72 |
Total Capital |
|
1,327 |
1,502 |
1,549 |
1,472 |
2,137 |
2,313 |
3,240 |
3,192 |
2,974 |
3,082 |
Total Debt |
|
793 |
818 |
714 |
512 |
1,064 |
1,082 |
1,839 |
1,549 |
1,057 |
791 |
Total Long-Term Debt |
|
758 |
783 |
694 |
512 |
826 |
734 |
1,304 |
1,037 |
612 |
490 |
Net Debt |
|
570 |
331 |
71 |
-111 |
207 |
-869 |
801 |
-26 |
-1,325 |
-1,395 |
Capital Expenditures (CapEx) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
793 |
818 |
714 |
512 |
1,064 |
1,082 |
1,839 |
1,549 |
1,057 |
791 |
Total Depreciation and Amortization (D&A) |
|
-2.27 |
0.55 |
-1.32 |
-21 |
-14 |
-0.01 |
29 |
29 |
22 |
-31 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$5.39 |
$1.85 |
$2.07 |
$2.41 |
$2.50 |
$3.01 |
$3.64 |
$4.04 |
$5.15 |
$7.82 |
Adjusted Weighted Average Basic Shares Outstanding |
|
15.64M |
63.27M |
63.61M |
62.78M |
61.24M |
59.51M |
59.36M |
59.97M |
59.98M |
56.89M |
Adjusted Diluted Earnings per Share |
|
$5.37 |
$1.85 |
$2.07 |
$2.37 |
$2.48 |
$2.98 |
$3.56 |
$3.97 |
$5.07 |
$7.66 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
15.64M |
63.27M |
63.61M |
62.78M |
61.24M |
59.51M |
59.36M |
59.97M |
59.98M |
56.89M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
15.64M |
63.27M |
63.61M |
62.78M |
61.24M |
59.51M |
59.36M |
59.97M |
59.98M |
56.89M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
83 |
119 |
135 |
152 |
155 |
183 |
216 |
241 |
307 |
450 |
Normalized NOPAT Margin |
|
36.02% |
36.44% |
35.33% |
34.68% |
31.57% |
31.59% |
33.49% |
33.41% |
33.99% |
38.00% |
Pre Tax Income Margin |
|
61.37% |
62.59% |
61.02% |
54.55% |
43.31% |
45.23% |
47.48% |
47.18% |
47.78% |
53.67% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
3.10 |
3.61 |
3.14 |
2.25 |
1.36 |
1.81 |
3.86 |
6.47 |
1.15 |
0.92 |
NOPAT to Interest Expense |
|
1.82 |
2.10 |
1.82 |
1.43 |
0.99 |
1.26 |
2.73 |
4.58 |
0.82 |
0.65 |
EBIT Less CapEx to Interest Expense |
|
3.10 |
3.61 |
3.14 |
2.25 |
1.36 |
1.81 |
3.86 |
6.47 |
1.15 |
0.92 |
NOPAT Less CapEx to Interest Expense |
|
1.82 |
2.10 |
1.82 |
1.43 |
0.99 |
1.26 |
2.73 |
4.58 |
0.82 |
0.65 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
0.37% |
0.26% |
0.23% |
0.20% |
0.15% |
0.21% |
0.05% |
0.00% |
0.00% |
0.00% |
Augmented Payout Ratio |
|
0.37% |
0.26% |
0.23% |
23.29% |
36.53% |
21.39% |
7.82% |
0.00% |
15.94% |
21.40% |
Quarterly Metrics And Ratios for Axos Financial
This table displays calculated financial ratios and metrics derived from Axos Financial's official financial filings.
Metric |
|
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Q3 2025 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
19.81% |
29.42% |
29.68% |
22.83% |
18.29% |
54.55% |
27.48% |
23.03% |
30.53% |
-12.71% |
4.77% |
EBITDA Growth |
|
-1.36% |
29.94% |
26.23% |
43.85% |
34.90% |
74.79% |
14.81% |
8.10% |
6.91% |
-36.74% |
-4.63% |
EBIT Growth |
|
-2.43% |
35.76% |
31.83% |
43.18% |
42.62% |
85.47% |
35.63% |
23.41% |
34.73% |
-30.85% |
-4.80% |
NOPAT Growth |
|
-2.99% |
34.16% |
29.16% |
50.88% |
41.50% |
86.10% |
38.66% |
20.05% |
35.93% |
-31.02% |
-4.98% |
Net Income Growth |
|
-2.99% |
34.16% |
29.16% |
50.88% |
41.50% |
86.10% |
38.66% |
20.05% |
35.93% |
-31.02% |
-4.98% |
EPS Growth |
|
-2.02% |
35.00% |
29.41% |
48.96% |
42.27% |
94.07% |
44.70% |
22.38% |
39.86% |
-31.30% |
-5.24% |
Operating Cash Flow Growth |
|
154.83% |
87.50% |
-140.73% |
-47.36% |
-51.73% |
11.57% |
298.20% |
-43.50% |
107.06% |
37.08% |
-36.36% |
Free Cash Flow Firm Growth |
|
151.58% |
-197.49% |
-187.99% |
186.72% |
-74.40% |
96.93% |
91.74% |
-100.81% |
-338.98% |
-196.59% |
-6.33% |
Invested Capital Growth |
|
-5.29% |
0.00% |
0.00% |
-6.82% |
0.87% |
8.40% |
11.99% |
3.61% |
8.37% |
11.60% |
10.99% |
Revenue Q/Q Growth |
|
7.88% |
9.90% |
1.31% |
2.26% |
3.89% |
43.59% |
-16.43% |
-1.30% |
10.22% |
-3.98% |
0.31% |
EBITDA Q/Q Growth |
|
5.98% |
37.19% |
-3.08% |
2.08% |
-0.61% |
77.77% |
-36.34% |
-3.89% |
-1.71% |
5.19% |
-4.03% |
EBIT Q/Q Growth |
|
1.38% |
41.48% |
-2.16% |
2.02% |
0.99% |
83.99% |
-28.45% |
-7.17% |
10.25% |
-5.57% |
-1.50% |
NOPAT Q/Q Growth |
|
0.88% |
39.63% |
-2.09% |
9.40% |
-5.39% |
83.64% |
-27.05% |
-5.28% |
7.12% |
-6.81% |
0.50% |
Net Income Q/Q Growth |
|
0.88% |
39.63% |
-2.09% |
9.40% |
-5.39% |
83.64% |
-27.05% |
-5.28% |
7.12% |
-6.81% |
0.50% |
EPS Q/Q Growth |
|
1.04% |
39.18% |
-2.22% |
8.33% |
-3.50% |
89.86% |
-27.10% |
-8.38% |
10.29% |
-6.74% |
0.56% |
Operating Cash Flow Q/Q Growth |
|
-51.87% |
50.03% |
-154.42% |
233.94% |
-55.86% |
246.76% |
1.23% |
-61.81% |
61.74% |
129.57% |
-54.66% |
Free Cash Flow Firm Q/Q Growth |
|
109.78% |
-1,318.05% |
0.29% |
111.25% |
-81.27% |
-245.91% |
-168.59% |
98.90% |
-5,447.68% |
-81.08% |
3.71% |
Invested Capital Q/Q Growth |
|
-7.68% |
-5.03% |
-0.34% |
6.64% |
-0.07% |
2.07% |
2.97% |
-1.35% |
4.53% |
5.10% |
2.40% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
43.17% |
53.89% |
51.55% |
51.46% |
49.23% |
60.95% |
46.43% |
45.21% |
40.32% |
44.17% |
42.26% |
EBIT Margin |
|
39.89% |
51.35% |
49.60% |
49.48% |
48.10% |
61.63% |
52.77% |
49.63% |
49.65% |
48.82% |
47.95% |
Profit (Net Income) Margin |
|
28.12% |
35.73% |
34.53% |
36.94% |
33.64% |
43.03% |
37.56% |
36.05% |
35.03% |
34.00% |
34.07% |
Tax Burden Percent |
|
70.50% |
69.58% |
69.63% |
74.66% |
69.95% |
69.81% |
71.18% |
72.63% |
70.57% |
69.64% |
71.05% |
Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
29.50% |
30.42% |
30.37% |
25.34% |
30.05% |
30.19% |
28.82% |
27.37% |
29.43% |
30.36% |
28.95% |
Return on Invested Capital (ROIC) |
|
7.01% |
20.60% |
21.29% |
10.83% |
10.70% |
15.73% |
14.35% |
14.10% |
14.24% |
12.86% |
12.70% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
7.01% |
20.60% |
21.29% |
10.83% |
10.70% |
15.73% |
14.35% |
14.10% |
14.24% |
12.86% |
12.70% |
Return on Net Nonoperating Assets (RNNOA) |
|
5.91% |
11.65% |
10.91% |
7.93% |
6.53% |
8.00% |
6.65% |
6.19% |
5.89% |
5.09% |
4.74% |
Return on Equity (ROE) |
|
12.92% |
32.25% |
32.20% |
18.75% |
17.23% |
23.73% |
21.00% |
20.29% |
20.13% |
17.95% |
17.43% |
Cash Return on Invested Capital (CROIC) |
|
13.32% |
-181.44% |
-180.09% |
17.02% |
10.33% |
5.71% |
3.31% |
11.32% |
7.46% |
2.52% |
2.55% |
Operating Return on Assets (OROA) |
|
1.75% |
2.21% |
2.16% |
2.37% |
2.31% |
3.26% |
2.81% |
2.72% |
2.82% |
2.62% |
2.53% |
Return on Assets (ROA) |
|
1.23% |
1.54% |
1.50% |
1.77% |
1.61% |
2.27% |
2.00% |
1.98% |
1.99% |
1.82% |
1.79% |
Return on Common Equity (ROCE) |
|
12.92% |
32.25% |
32.20% |
18.75% |
17.23% |
23.73% |
21.00% |
20.29% |
20.13% |
17.95% |
17.43% |
Return on Equity Simple (ROE_SIMPLE) |
|
14.05% |
14.53% |
15.06% |
0.00% |
16.77% |
19.33% |
19.69% |
0.00% |
19.94% |
17.15% |
16.40% |
Net Operating Profit after Tax (NOPAT) |
|
58 |
82 |
80 |
87 |
83 |
152 |
111 |
105 |
112 |
105 |
105 |
NOPAT Margin |
|
28.12% |
35.73% |
34.53% |
36.94% |
33.64% |
43.03% |
37.56% |
36.05% |
35.03% |
34.00% |
34.07% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
34.40% |
34.58% |
36.55% |
34.99% |
35.05% |
25.80% |
33.99% |
35.21% |
34.88% |
35.29% |
36.44% |
Operating Expenses to Revenue |
|
55.90% |
47.33% |
48.02% |
47.56% |
49.05% |
34.54% |
45.20% |
48.31% |
45.99% |
47.20% |
47.36% |
Earnings before Interest and Taxes (EBIT) |
|
83 |
117 |
115 |
117 |
118 |
217 |
156 |
144 |
159 |
150 |
148 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
90 |
123 |
119 |
122 |
121 |
215 |
137 |
132 |
129 |
136 |
131 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
1.21 |
1.28 |
1.20 |
1.22 |
1.15 |
1.52 |
1.40 |
1.42 |
1.49 |
1.58 |
1.41 |
Price to Tangible Book Value (P/TBV) |
|
1.33 |
1.41 |
1.31 |
1.32 |
1.24 |
1.63 |
1.50 |
1.52 |
1.58 |
1.67 |
1.49 |
Price to Revenue (P/Rev) |
|
2.72 |
2.84 |
2.58 |
2.58 |
2.41 |
2.96 |
2.72 |
2.75 |
2.84 |
3.28 |
3.00 |
Price to Earnings (P/E) |
|
8.59 |
8.83 |
7.98 |
7.59 |
6.85 |
7.85 |
7.11 |
7.23 |
7.46 |
9.22 |
8.63 |
Dividend Yield |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Earnings Yield |
|
11.64% |
11.32% |
12.54% |
13.18% |
14.59% |
12.74% |
14.07% |
13.82% |
13.41% |
10.85% |
11.59% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.54 |
0.48 |
0.24 |
0.34 |
0.29 |
0.77 |
0.53 |
0.60 |
0.49 |
0.64 |
0.66 |
Enterprise Value to Revenue (EV/Rev) |
|
2.12 |
1.68 |
0.76 |
1.11 |
0.91 |
2.20 |
1.47 |
1.57 |
1.26 |
1.79 |
1.86 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
4.41 |
3.46 |
1.57 |
2.22 |
1.76 |
4.06 |
2.79 |
3.08 |
2.59 |
4.08 |
4.34 |
Enterprise Value to EBIT (EV/EBIT) |
|
4.74 |
3.67 |
1.65 |
2.33 |
1.83 |
4.13 |
2.72 |
2.93 |
2.35 |
3.57 |
3.80 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
6.70 |
5.21 |
2.36 |
3.28 |
2.58 |
5.84 |
3.83 |
4.14 |
3.31 |
5.03 |
5.36 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
3.84 |
2.90 |
2.46 |
5.12 |
5.33 |
13.60 |
4.88 |
6.09 |
4.65 |
5.64 |
6.66 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
3.97 |
0.00 |
0.00 |
1.92 |
2.79 |
14.08 |
16.91 |
5.43 |
6.88 |
26.96 |
27.27 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.73 |
0.57 |
0.51 |
0.55 |
0.50 |
0.46 |
0.42 |
0.35 |
0.34 |
0.34 |
0.33 |
Long-Term Debt to Equity |
|
0.44 |
0.33 |
0.29 |
0.32 |
0.33 |
0.28 |
0.25 |
0.21 |
0.21 |
0.22 |
0.21 |
Financial Leverage |
|
0.84 |
0.57 |
0.51 |
0.73 |
0.61 |
0.51 |
0.46 |
0.44 |
0.41 |
0.40 |
0.37 |
Leverage Ratio |
|
10.49 |
10.48 |
10.73 |
10.60 |
10.67 |
10.44 |
10.50 |
10.27 |
10.13 |
9.85 |
9.71 |
Compound Leverage Factor |
|
10.49 |
10.48 |
10.73 |
10.60 |
10.67 |
10.44 |
10.50 |
10.27 |
10.13 |
9.85 |
9.71 |
Debt to Total Capital |
|
42.28% |
36.13% |
33.88% |
35.54% |
33.51% |
31.50% |
29.69% |
25.67% |
25.31% |
25.51% |
24.89% |
Short-Term Debt to Total Capital |
|
16.99% |
15.04% |
14.56% |
14.98% |
11.50% |
12.16% |
12.40% |
9.77% |
9.81% |
9.14% |
9.07% |
Long-Term Debt to Total Capital |
|
25.29% |
21.09% |
19.32% |
20.56% |
22.01% |
19.34% |
17.29% |
15.90% |
15.50% |
16.36% |
15.82% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
57.72% |
63.87% |
66.12% |
64.46% |
66.49% |
68.50% |
70.31% |
74.33% |
74.69% |
74.49% |
75.11% |
Debt to EBITDA |
|
3.44 |
2.58 |
2.27 |
2.33 |
2.05 |
1.66 |
1.56 |
1.31 |
1.33 |
1.62 |
1.64 |
Net Debt to EBITDA |
|
-1.25 |
-2.41 |
-3.74 |
-2.92 |
-2.92 |
-1.40 |
-2.39 |
-2.31 |
-3.25 |
-3.39 |
-2.65 |
Long-Term Debt to EBITDA |
|
2.06 |
1.51 |
1.29 |
1.35 |
1.35 |
1.02 |
0.91 |
0.81 |
0.82 |
1.04 |
1.04 |
Debt to NOPAT |
|
5.21 |
3.89 |
3.40 |
3.44 |
3.01 |
2.38 |
2.14 |
1.76 |
1.70 |
2.00 |
2.02 |
Net Debt to NOPAT |
|
-1.89 |
-3.63 |
-5.61 |
-4.31 |
-4.28 |
-2.01 |
-3.28 |
-3.10 |
-4.15 |
-4.18 |
-3.27 |
Long-Term Debt to NOPAT |
|
3.12 |
2.27 |
1.94 |
1.99 |
1.97 |
1.46 |
1.25 |
1.09 |
1.04 |
1.28 |
1.28 |
Noncontrolling Interest Sharing Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
223 |
-2,717 |
-2,709 |
305 |
57 |
-83 |
-224 |
-2.46 |
-136 |
-247 |
-238 |
Operating Cash Flow to CapEx |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Free Cash Flow to Firm to Interest Expense |
|
5.15 |
-34.10 |
-25.00 |
2.14 |
0.37 |
-0.50 |
-1.23 |
-0.01 |
-0.71 |
-1.40 |
-1.51 |
Operating Cash Flow to Interest Expense |
|
1.64 |
1.33 |
-0.53 |
0.54 |
0.22 |
0.71 |
0.63 |
0.23 |
0.37 |
0.92 |
0.47 |
Operating Cash Flow Less CapEx to Interest Expense |
|
1.64 |
1.33 |
-0.53 |
0.54 |
0.22 |
0.71 |
0.63 |
0.23 |
0.37 |
0.92 |
0.47 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.04 |
0.04 |
0.04 |
0.05 |
0.05 |
0.05 |
0.05 |
0.05 |
0.06 |
0.05 |
0.05 |
Fixed Asset Turnover |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
2,947 |
2,799 |
2,789 |
2,974 |
2,972 |
3,034 |
3,124 |
3,082 |
3,221 |
3,386 |
3,467 |
Invested Capital Turnover |
|
0.25 |
0.58 |
0.62 |
0.29 |
0.32 |
0.37 |
0.38 |
0.39 |
0.41 |
0.38 |
0.37 |
Increase / (Decrease) in Invested Capital |
|
-165 |
2,799 |
2,789 |
-218 |
26 |
235 |
335 |
107 |
249 |
352 |
343 |
Enterprise Value (EV) |
|
1,601 |
1,352 |
656 |
1,006 |
853 |
2,344 |
1,656 |
1,861 |
1,589 |
2,178 |
2,289 |
Market Capitalization |
|
2,053 |
2,293 |
2,215 |
2,331 |
2,271 |
3,152 |
3,075 |
3,256 |
3,578 |
3,988 |
3,684 |
Book Value per Share |
|
$28.36 |
$29.79 |
$30.73 |
$32.43 |
$32.95 |
$36.00 |
$38.60 |
$40.21 |
$42.28 |
$44.17 |
$45.60 |
Tangible Book Value per Share |
|
$25.69 |
$27.17 |
$28.15 |
$29.86 |
$30.45 |
$33.46 |
$36.06 |
$37.72 |
$39.84 |
$41.76 |
$43.22 |
Total Capital |
|
2,947 |
2,799 |
2,789 |
2,974 |
2,972 |
3,034 |
3,124 |
3,082 |
3,221 |
3,386 |
3,467 |
Total Debt |
|
1,246 |
1,011 |
945 |
1,057 |
996 |
955 |
927 |
791 |
815 |
864 |
863 |
Total Long-Term Debt |
|
745 |
590 |
539 |
612 |
654 |
587 |
540 |
490 |
499 |
554 |
549 |
Net Debt |
|
-452 |
-941 |
-1,559 |
-1,325 |
-1,418 |
-808 |
-1,419 |
-1,395 |
-1,988 |
-1,810 |
-1,395 |
Capital Expenditures (CapEx) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
1,246 |
1,011 |
945 |
1,057 |
996 |
955 |
927 |
791 |
815 |
864 |
863 |
Total Depreciation and Amortization (D&A) |
|
6.80 |
5.78 |
4.52 |
4.67 |
2.78 |
-2.42 |
-19 |
-13 |
-30 |
-14 |
-18 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$0.98 |
$1.36 |
$1.33 |
$1.48 |
$1.40 |
$2.65 |
$1.94 |
$1.83 |
$1.97 |
$1.83 |
$1.84 |
Adjusted Weighted Average Basic Shares Outstanding |
|
60.00M |
60.00M |
59.11M |
59.98M |
57.73M |
56.90M |
56.97M |
56.89M |
57.09M |
57.10M |
56.37M |
Adjusted Diluted Earnings per Share |
|
$0.97 |
$1.35 |
$1.32 |
$1.43 |
$1.38 |
$2.62 |
$1.91 |
$1.75 |
$1.93 |
$1.80 |
$1.81 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
60.00M |
60.00M |
59.11M |
59.98M |
57.73M |
56.90M |
56.97M |
56.89M |
57.09M |
57.10M |
56.37M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
60.00M |
60.00M |
59.11M |
59.98M |
57.73M |
56.90M |
56.97M |
56.89M |
57.09M |
57.10M |
56.37M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
58 |
82 |
80 |
87 |
83 |
152 |
111 |
105 |
112 |
105 |
105 |
Normalized NOPAT Margin |
|
28.12% |
35.73% |
34.53% |
36.94% |
33.64% |
43.03% |
37.56% |
36.05% |
35.03% |
34.00% |
34.07% |
Pre Tax Income Margin |
|
39.89% |
51.35% |
49.60% |
49.48% |
48.10% |
61.63% |
52.77% |
49.63% |
49.65% |
48.82% |
47.95% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
1.91 |
1.47 |
1.06 |
0.82 |
0.77 |
1.31 |
0.85 |
0.75 |
0.83 |
0.85 |
0.94 |
NOPAT to Interest Expense |
|
1.35 |
1.02 |
0.74 |
0.61 |
0.54 |
0.91 |
0.61 |
0.54 |
0.58 |
0.59 |
0.67 |
EBIT Less CapEx to Interest Expense |
|
1.91 |
1.47 |
1.06 |
0.82 |
0.77 |
1.31 |
0.85 |
0.75 |
0.83 |
0.85 |
0.94 |
NOPAT Less CapEx to Interest Expense |
|
1.35 |
1.02 |
0.74 |
0.61 |
0.54 |
0.91 |
0.61 |
0.54 |
0.58 |
0.59 |
0.67 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Augmented Payout Ratio |
|
0.00% |
0.00% |
11.38% |
15.94% |
20.35% |
32.75% |
23.25% |
21.40% |
16.22% |
3.17% |
9.13% |
Key Financial Trends
Axos Financial (NYSE:AX) has demonstrated consistent profitability and growth in its core operations over the last several quarters, supported by strong net interest income and stable non-interest income streams.
Positive highlights:
- Net Interest Income increased steadily from $149.5 million in Q3 2022 to $275.5 million in Q3 2025, reflecting higher loan and lease interest income and effective interest rate management.
- Total Non-Interest Income has remained stable around $30 million per quarter, supplemented consistently by other service charges and investment banking income, showing diversified revenue streams.
- Net Income attributable to common shareholders has grown from $61.8 million in Q3 2022 to $105.2 million in Q3 2025, indicating improved profitability.
- Basic and diluted earnings per share increased from $1.02 and $0.97 in Q3 2022 to $1.84 and $1.81 in Q3 2025, showing growing shareholder value.
- Axos maintained strong operating cash flow with Net Cash From Operating Activities consistently positive; $141.9 million in Q3 2023, $73.7 million in Q3 2025, supporting sustainable operations and investments.
- Total Assets increased from approximately $19.78 billion in Q3 2023 to $23.98 billion in Q3 2025, reflecting growth in the balance sheet.
- Deposits, the primary funding source, grew notably with Interest Bearing Deposits rising from $13.57 billion in Q3 2023 to $17.17 billion in Q3 2025, indicating strong customer confidence and liquidity position.
- Total Common Equity increased from $1.84 billion in Q3 2023 to $2.60 billion in Q3 2025, indicating robust capital base supporting growth.
Neutral observations:
- Loans and Leases, Net of Allowance, have been reported at $0 consistently in recent quarters, suggesting the company may focus more on other asset classes or sales; the impact requires monitoring.
- Provision for Credit Losses fluctuated, with lower values like $5.5 million in Q3 2023 compared to a peak of $14.5 million in Q3 2025, indicating cautious risk management amid varying economic conditions.
Areas of concern / negative trends:
- Total Non-Interest Expense rose marginally from $86.8 million in Q3 2022 to $146.3 million in Q3 2025, driven by increased salaries, occupancy, marketing, and other operating costs, potentially compressing margins if revenue growth slows.
- Net Cash From Investing Activities has shown significant outflows, for example -$677.5 million in Q3 2025, signaling substantial investment in securities which may impact liquidity or returns.
- Net Change in Cash & Equivalents was negative $415.7 million in Q3 2025, compared to positive changes in prior quarters, indicating changes in cash management or investment strategy requiring scrutiny.
- Despite strong income growth, net cash from financing activities was positive $188.1 million in Q3 2025 indicating possible capital raising, whereas in prior quarters it varied widely, which may reflect fluctuations in borrowing or equity issuance.
- Cash Interest Paid is substantial at $157 million in Q3 2025 and has increased over time, elevating cost pressure on earnings.
Summary: Axos Financial has shown healthy growth in revenue and profitability over the past few years with expanding asset base and equity capital. Increasing non-interest expenses and heavy investing cash outflows could pressure margins and liquidity. However, consistent net interest income growth, strong deposit inflows, and solid cash from operations provide a strong foundation for the company. Investors should monitor expense trends, changes in loan portfolio composition, credit loss provisions, and cash flow dynamics to gauge future profitability and stability.
09/19/25 03:50 PM ETAI Generated. May Contain Errors.